According to Ki Young Ju, the Trump Contradiction in Bitcoin is Overriding Bull Expectations - Coin Bulletin

Ki Young Ju mentioned that Donald Trump's economic policies could make it difficult for Bitcoin to be considered a strategic reserve due to the continuation of the global power of the US dollar.

CryptoQuant CEO and founder Ki Young Ju expressed that if Donald Trump reassumes the presidency, Bitcoin (BTC) policies will depend on the US economy and the global perception of the dollar.

Ju emphasized that investors tend to turn to gold and Bitcoin as a store of value, but the dollar is seen as a safe haven during periods when the US economy is strong.

Ju stated that global confidence in the US dollar could be hindered by the Trump administration's adoption of Bitcoin as a strategic reserve.

The expectation that Bitcoin could enter the reserves of many countries including the USA has become the biggest card of bullish investors in recent times. However, according to Young Ju's statements, the reserve expectation began to contradict with Trump's existence.

In addition, Trump also expressed that he could step back from pro-Bitcoin policies in order to maintain the superiority of the dollar. Ju said, "Even before taking office, Trump was constantly emphasizing the power difference of the US against other countries. These statements could increase confidence in the dollar again."

This trend is particularly evident in developing markets such as Korea. Ju added that Koreans are opting for the dollar over gold or Bitcoin against the weakening won, similar situations are occurring in other emerging economies.

Stablecoins Are Strengthening Their Impact

Paxos CEO Charles Cascarilla stated that dollar-based stable cryptocurrencies will be one of the cornerstones of the blockchain economy. Cascarilla noted that these stable cryptocurrencies will increase global connectivity by integrating the dollar into the digital world and accelerate the use of fiat currencies.

Turkey's stablecoin demand has attracted attention

High inflation rates in developing countries are causing people to turn to USD-backed stable cryptocurrencies against the depreciation of their local currencies.

For example, in 2024, while the inflation rate of the Turkish lira reached 67%, Turkey is in a position of having the highest stablecoin purchase rate relative to GDP.

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